Overview
What is French Quarter Festivals Inc?
French Quarter Festivals Inc, established in New Orleans, Louisiana, is a 501(c)3 non-profit organization with a mission to celebrate and promote the city's unique culture. The organization, located at 400 North Peters Street 205, contributes to the economic well-being of the community through high-quality special events and activities, showcasing the vibrant heritage of the Vieux Carre and New Orleans. With a team of nine dedicated individuals, French Quarter Festivals Inc aims to instill a sense of pride in the city's residents, making it one of the largest showcases of Louisiana music worldwide. Yearly, the festival takes place in the spring, attracting both locals and visitors alike.
Official website here: www.fqfi.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
French Quarter Festivals Inc earns a remarkable Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. The charity's overall score reflects its commitment to transparency, with a perfect score in various governance aspects, such as having a fully independent board and robust financial oversight practices.
The organization demonstrates strong fiscal responsibility, with an impressive program expense ratio of 92.01%, meaning that a significant portion of its budget is directed towards its programs rather than administrative costs. This focus on programmatic spending aligns with best practices in the nonprofit sector and showcases the charity's dedication to its mission.
Additionally, French Quarter Festivals Inc has established comprehensive policies regarding conflicts of interest and whistleblower protections, further emphasizing its commitment to ethical governance. The lack of reported asset diversions and a favorable liabilities to assets ratio further enhance its financial credibility, although specific programmatic outcomes are not detailed in the provided information.
This AI summary has been generated from information found on Charity Navigator.
Is French Quarter Festivals Inc legitimate?
French Quarter Festivals Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. French Quarter Festivals Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $198,833
Professional Fundraising Fees: $0
Other Salaries and Wages: $504,067
For more financial information, click here
Official website here: www.fqfi.org
What is the mission statement of French Quarter Festivals Inc?
French Quarter Festivals Inc, as a 501(c)3 non-profit organization, aims to promote the unique culture and heritage of New Orleans by organizing high-quality special events and activities. These events serve to showcase the city's distinct character, contribute to the community's economic well-being, and instill a sense of pride among its residents. By doing so, French Quarter Festivals Inc plays a significant role in preserving and celebrating the city's rich history and identity.
Official website here: www.fqfi.org
Who is the CEO of French Quarter Festivals Inc?
Emily Madero is the Board Chair of French Quarter Festivals Inc. The CEO's salary of French Quarter Festivals Inc is $198,833 and their total compensation is $218,470.
Official website here: www.fqfi.org
What is the revenue of French Quarter Festivals Inc?
French Quarter Festivals Inc's revenue in 2022 was $4,423,585.
Official website here: www.fqfi.org
Who are the executives of French Quarter Festivals Inc and what are their salaries?
The average compensation at French Quarter Festivals Inc during 2022 was $78,100. There are 9 employees and 1200 volunteers at French Quarter Festivals Inc.
Here are 30 key members and their salaries (French Quarter Festivals Inc's CEO's salary is $198,833 and their total compensation is $218,470):
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- Compensation: $198,833
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- Other: $19,637
Official website here: www.fqfi.org
Where can I find the form 990 for French Quarter Festivals Inc?
French Quarter Festivals Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.fqfi.org
Learn more at the official website: www.fqfi.org
Mission Statement of French Quarter Festivals Inc
French Quarter Festivals Inc, a 501(c)3 non-profit organization, is committed to promoting the unique charm and heritage of New Orleans' Vieux Carre and the city at large. Their mission is accomplished through the organization of high-quality special events and activities that celebrate the area's culture and history. These events not only contribute to the economic well-being of the community but also instill a sense of pride in its people. By showcasing the city's distinct character, French Quarter Festivals Inc helps to maintain its appeal and significance, ultimately enriching the lives of both residents and visitors alike.
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Impact
July, 2024
French Quarter Festivals Inc's impact can be seen in its significant contribution to promoting the Vieux Carre and the city of New Orleans through high-quality special events and activities that showcase the culture and heritage of this unique city. By organizing the largest showcase of Louisiana music in the world through the annual French Quarter Festival, the organization plays a vital role in celebrating New Orleans' distinct culture.
Moreover, French Quarter Festivals Inc's efforts not only contribute to the economic well-being of the community but also foster an increased sense of pride among the people of New Orleans. Through its mission-driven initiatives, the organization actively supports the local economy, cultural preservation, and community spirit, making a lasting impact on the city and its residents.
This information is meant to be a general summary of French Quarter Festivals Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $2,088
- Program Service Revenue: $4,061,340
- Gross Receipts: $4,423,585
Assets and Liabilities:
- Total Assets: $3,487,249
- Total Liabilities: $783,606
- Net Assets: $2,703,643
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EVENT SPONSORSHIP
Revenue
$1,919,877
EVENT BEVERAGES AND FO
Revenue
$1,615,309
EVENT MERCHANDISE SALE
Revenue
$273,570
CONTRACT REVENUE
Revenue
$163,477
EVENT TICKET SALES
Revenue
$52,208
Organization Details
Founding Year
1984
Phone
(504) 522-5730Principal Officer
Emily Madero
Main Address
400 NORTH PETERS ST 205, NEW ORLEANS, LA, 70130
Website
www.fqfi.orgNTEE Category
Code: A200 - Arts
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